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News Summary: Average credit card debt rises in 4Q

Published on NewsOK
Modified: February 18, 2014 at 2:07 pm •
Published: February 18, 2014

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UNTIMELY PAYMENTS: Credit reporting agency TransUnion says more U.S. borrowers took on credit card debt and failed to make timely payments between October and December, when many consumers traditionally hit stores for the holidays.

DELINQUENCY RATE: The rate of credit card payments at least 90 days overdue was 1.48 percent in the last three months of 2013. That's up from 1.36 percent in the previous three-month period, but down from 1.61 percent in the fourth quarter of 2012.

SEASONAL HIKE: Average card debt per borrower rose 1.7 percent in the fourth quarter from the previous quarter to $5,325.